Ex-Enron CEO Skilling's Sentence Cut to 14 Years

By

Tom Fowler

Updated June 21, 2013 5:35 p.m. ET

HOUSTON—A federal judge reduced the prison sentence of former Enron Corp. Chief Executive Jeffrey Skilling to 14 years here on Friday, which could allow him to be free by the end of the decade or earlier.

Mr. Skilling, 59 years old, was convicted in 2006 of lying to investors about Enron's financial health and sentenced to 24 years in prison. The reduced sentence came at the bottom of the range recommended by prosecutors after a deal...